Access working capital and financing for income-producing assets or for business expansion. Repay 15% of your Business Revolving Loan and you can access it again without reapplying.
What you get:
- Apply for a Business Revolving Loan as a cashflow management tool for your business
- Get access to additional funds in between payments and collections
- Whether you need a medium- to long-term loan, the revolving credit is always available when you need it
- Should you choose to settle your loan at any time, you will not be charged penalties
How it works
- You need a Standard Bank Business Current Account to qualify for a Business Revolving Loan
- Your funds will be made available in your Business Current Account
- Monthly repayments for capital and interest are fixed
- Your interest rate is personalised and linked to prime rate
- If the interest rate changes, it will affect your repayment term but not your monthly amount
- The minimum repayment term is 60 months
- You can access funds again* once 15% of your limit is repaid
- Your original term will then be extended
What it costs
- Fixed monthly repayments
- Once-off initiation fee: 1.26% of your approved limit
- Monthly service fee: R69
- Lending review fee: 1.01% of your approved limit
- Personalised interest rate
How to get it
If you already have a Business Current Account and would like to apply for a Business Revolving Loan, you can simply
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